Square Transaction Statistics: Processing 11 Million USD Every Day

“Jack Dorsey’s mobile payments startup Square is now processing $11 million a day in mobile payments, it was revealed today at the Techonomy conference in Tucson, Arizona. Host David Kirkpatrick threw the number out there as something Dorsey had told him backstage—the last official number was $10 million a day and Square may not be consistently above $11 million yet. Either way, this is up from $4 million a day just last July.”

Statistics Source: TC

How do we digest this number? Try this: Visa handles transactions worth more than 5.2 Trillion dollars annually. (Visa is an investor in Square).